DALLAS -- The boom in broadband communications benefited Dallas Semiconductor Corp. to the tune of record sales of $101.6 million for the third quarter, ended Oct. 3, the company reported today.
That was 22% higher than revenues of $83.1 million for the third quarter of 1998 and 8% above the $94.0 million recorded in the second quarter of 1999.
"Sales of several product categories reached an all-time high," said Vin Prothro, chairman and CEO. Those included T1/E1 broadband communications products, 1-Wire chips, iButtons, and several mixed-signal products."
Net income for the third quarter was $17.7 million, or 57 cents per share, up 32% compared to $13.4 million, or 45 cents per share, for the third quarter of 1998.
"Our visibility remains limited due to our ongoing dependence on turns business." said Prothro. "However, as we enter the fourth quarter, we are starting with our strongest backlog in history, strong performing products and favorable market conditions."